ObamaCare to Improve Medical Health Insurance Rates by Taxes, Deficit and 100-400 Percent to Skyrocket

Americans can get personal rates to become expensive. Based on a brand new report produced by the House Energy and Commerce Committee, individual health insurance premiums will be increased by ObamaCare by the average of not exactly 100%. In some instances, rates can increase by 400%. 

The Committee forecasts were right. 

Since medical claims costs will be much more costly to process as a result of ObamaCare rules health insurance costs will increase. The non-partisan Society of Actuaries recently produced a study saying that ObamaCare may cause medical claims costs to improve on average 32% for individual procedures. 

The deficit will be significantly increased by the cost to implement ObamaCare. The non-partisan Government Accountability Office (GAO) recently produced a study that ObamaCare increases the long-term federal debt by $6.2 billion. The report figured even under 'more positive assumptions,' ObamaCare's cost-control procedures 'weren't adequate to avoid an unsustainable escalation in debt held by the general public.' 

Not just will the debt increase, but taxes to cover ObamaCare will too. 

The committee prepared the report centered on inner files they received from a few of the nation's largest medical insurance companies. 

When the law is fully implemented, it's likely to produce $55 billion in penalty billion of penalty payments from employers $106 payments from uninsured people and within the coming decade, in line with the CBO and on Committee Joint Taxation.. 

Don't forget that the IRS is tasked with implementing ObamaCare and that every taxpayer will need to submit their medical insurance information with their taxes. 

So what can be achieved? Before it derails could Congress repeal this practice wreck? Not necessarily. Such a thing Congress moves could be vetoed by Obama. And Congress doesn't have the votes to over-ride a veto. 

Unfortuitously, nearly all voters re-elected Obama, basically ensuring ObamaCare like a reality. Providers will no further have the ability to provide catastrophic coverage, and companies will often pay the great to not provide comprehensive coverage for their personnel or not provide employment. By just using part-time employees, citizens must spend more to subsidize people who obtain insurance through the trades, thus increasing the debt further. 

It'll be too late to undo the damage, even when Republicans were to get both chambers of Congress and the White House in 2016. Both insurance markets and work paradigms may have shifted an excessive amount of by that point.